05/08/2024
Q1 net income up 11.8% for IGI Holdings
The increase in net income was primarily driven by the increase of $12.2 million in underwriting income and an increase of $3.0 million in net investment income.
AIM and Hedge Funds
05/08/2024
HIGHVERN supports Beacon Farms’ Sustainable Agriculture Initiatives
In line with HIGHVERN’s commitment to promoting sustainability, their financial backing will facilitate the expansion of production at Beacon Farms’ existing composting facility.
05/08/2024
Flagstone International expands into captive insurance market
The platform allows trusts, funds, companies, and high net worth individuals to manage their cash deposits across multiple banks and jurisdictions using a single account.
05/08/2024
Sure secures VMware Premier Partner status with Broadcom
Sure has been granted Premier Tier Partner status for VMware by Broadcom in the Channel Islands and the Isle of Man.
05/07/2024
Managing change – and other challenges
Avoid a top-down approach when bringing in change.
05/07/2024
Everest Insurance reorganizes US retail business
Craig Hanrahan, regional executive, US Northeastern Region, who joins Everest from Chubb, where he was executive vice president, Major Accounts.
05/07/2024
“Spirit of collaboration” between Alderney business and government
It's agreed to make the forum a regular occurrence, with the main action points from the inaugural meeting focusing on the hospitality sector.
05/03/2024
Third Point launches Malibu Life Re, a hybrid life & annuity sidecar-like structure
Malibu Life Re will adopt a more traditional investment policy
05/03/2024
Affinity Private Wealth and Highlands College join forces to sponsor Carbon Literacy Courses
This collaboration aims to foster sustainability, corporate citizenship, and environmental awareness across all sectors in Jersey.
05/02/2024
SiriusPoint records drop in net income
The specialty re/insurer noted that it recorded a sixth consecutive profitable quarter with net income of $95 million compared to $136 million.
05/02/2024
BDO Jersey Receives Lions Swimarathon Corporate Trophy
This esteemed accolade is a testament to our unwavering dedication to community engagement and our ongoing efforts to make a positive impact in the lives of those around us.
05/02/2024
BermudAir raises capital through fintech deal
The transaction was executed via Obligate, the on-chain capital markets platform, in partnership with global digital assets and cryptofinance firm XBTO Group.
05/02/2024
AM Best Upgrades Financial Strength Rating of Hamilton Re, Ltd. and Hamilton Insurance Designated Activity Company to “A” (Excellent)
The outlook for these Credit Ratings has been revised to stable from positive.
05/02/2024
Lancashire insurance revenue jumps by almost 25%
Lancashire chief executive officer Alex Maloney said: “Lancashire has had a very strong start to 2024, reporting a record quarter.
05/01/2024
Brookfield Re set to close AEL purchase
The offer of $55 per share represented a 35% premium to AEL’s closing price on June 23, 2023.
04/30/2024
MS Reinsurance ratings upgraded
S&P raised the company’s financial strength rating to A+ from A, and affirmed its A issuer credit rating.
04/30/2024
Reinsurance drives Arch to $1bn quarterly profit
Arch reported favourable development in prior year loss reserves of $126 million.
04/30/2024
Guernsey MoneyVal draft report a few months away
Mr Prow said: "The onsite evaluation has been a very intense phase of the overall MoneyVal assessment.
04/30/2024
Aspen suffers drop in net income
The Bermuda-based re/insurer said gross written premiums rose from $1.05 billion to $1.23 billion and net earned premiums rose to $666 million from $641 million.
04/30/2024
HSBC Bank Malta makes €39.3m profit in three months
A profit growth of 48% over the same period last year